MFA Press Statement and Comments by Minister for Foreign Affairs K Shanmugam: Implementation of the Points of Agreement on Malayan Railway land in Singapore (1 July 2011)

As agreed between Prime Minister Lee Hsien Loong and Malaysian Prime Minister Dato' Sri Mohd Najib Tun Abdul Razak in their Joint Statements of 24 May 2010, 22 June 2010 and 20 September 2010, Singapore and Malaysia fully implemented the Points of Agreement (POA) on Malayan Railway Land in Singapore today, marking an important milestone in the relationship between the two countries.

As of 1 July 2011, the Keretapi Tanah Melayu Berhad (KTMB) station has been relocated from Tanjong Pagar to Woodlands Train Checkpoint, with Singapore resuming ownership over all Malayan Railway land south of Woodlands Train Checkpoint. Concurrently, the Singapore Government has vested four parcels of land in Marina South and two parcels in Ophir-Rochor in the joint venture company, 'M+S Pte Ltd', for joint development, with 60% of the shares in the company held by Malaysia's Khazanah Nasional Berhad and the remaining 40% held by Temasek Holdings (Private) Limited.

The successful implementation of the agreement is the result of close bilateral cooperation, and would pave the way for the two countries to explore new areas of cooperation.

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MINISTRY OF FOREIGN AFFAIRS
SINGAPORE
1 JULY 2011